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Riley Kennedy

@JournoMan

@businessdesk_nz reporter.

 Auckland, New Zealand
BusinessDesk.co.nz
Joined May 2019
  • Tweets1.7K
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  • Followers856
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Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)
“I’m not angry with the board at all. I’m frustrated with shareholders that they do not see value in their own co-operative.” - Alliance shareholder Andrew Morrison via @JournoMan in @businessdesk_nz - businessdesk.co.nz/article/p…
Alliance Group farmers need to debate Dawn deal: shareholder

Alliance Group farmers need to debate Dawn deal: shareholder

Pāmu says it appears to provide a credible and constructive path.

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Chiang Mai in the morning
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Culverden Hotel
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Former Fonterra chief executive Theo Spierings has died after a brief illness. businessdesk.co.nz/article/p…
Former Fonterra CEO Theo Spierings dies | BusinessDesk

Former Fonterra CEO Theo Spierings dies | BusinessDesk

Spierings left the dairy co-op in 2018.

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Alastair Hulbert is optimistic about the future of the Dairy Goat Co-operative. But he stresses the next two to three years will be tough. @JournoMan reports. businessdesk.co.nz/article/p…
New Dairy Goat Co-op CEO optimistic about its future | BusinessDesk

New Dairy Goat Co-op CEO optimistic about its future | BusinessDesk

He stresses, however, the next few years are going to be tough.

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PGG Wrightson wants to “rule a line” under its public boardroom fallout and move on collectively, its chair says. @JournoMan reports. businessdesk.co.nz/article/p…
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Synlait Milk has increased its base forecast by 60c to $8.60 per kilogram of milk solids (kgMS) -10c higher than Fonterra’s midpoint. businessdesk.co.nz/article/p…
Synlait increases its milk-price forecast to $8.60 per kgMS | BusinessDesk

Synlait increases its milk-price forecast to $8.60 per kgMS | BusinessDesk

New level now higher than Fonterra's midpoint.

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BusinessDesk understands that Open Country Dairy is expected to sign a deal to purchase Synlait Milk’s North Island milk supply. @JournoMan reports. businessdesk.co.nz/article/p…
Open Country expected to get Synlait's North Island supply

Open Country expected to get Synlait's North Island supply

It could happen as early as next week.

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Wagga Wagga Saleyards
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The Overseas Investment Office is investigating whether embattled BX Foods has breached conditions on one of its consents. @JournoMan reports. businessdesk.co.nz/article/p…
BX Foods faces OIO probe for potential consent breach

BX Foods faces OIO probe for potential consent breach

The inquiry comes as the North Otago meat processor looks to cut 100 jobs.

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Successful night on the raffle at the Motueka RSA
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Riley Kennedy retweeted
Beth Rigby (@BethRigby) profile picture
Beth Rigby
@BethRigby5 Jul 2024
BREAKING: LIZ TRUSS LOSES HER SEAT IN SOUTH WEST NORFOLK
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Dairy prices ‘nosedive’ at latest GDT auction | BusinessDesk

Dairy prices ‘nosedive’ at latest GDT auction | BusinessDesk

The index was down 6.9%.

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NZ apples and Kiwifruit on sale in Manila
Image from Riley Kennedy (@JournoMan)
Image from Riley Kennedy (@JournoMan)
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Riley Kennedy retweeted
pbmcbeth (@pbmcbeth) profile picture
pbmcbeth@pbmcbeth4 Jun 2024
Big ructions going on in dairy land and Synlait will have to fight hard for every supplier it wants to keep. Great work from Bex Stevenson and @JournoMan at @businessdesk_nz businessdesk.co.nz/article/p…
Synlait backer Bright Dairy 'digging heels in'

Synlait backer Bright Dairy 'digging heels in'

Loan and gun-to-head capital raise won't remove risks from prized plant, analyst says.

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Ruth Richardson out as Synlait director. Shares on NZX down 9% to 40c this morning after yesterday's announcement to the ASX. businessdesk.co.nz/article/p…
Ruth Richardson out as Synlait director | BusinessDesk

Ruth Richardson out as Synlait director | BusinessDesk

Bright Dairy has swapped her for Leon Fung.

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Market cap is now around $87.4m.
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Struggling dairy processor Synlait has confirmed a significant majority of its farmer suppliers want to leave. businessdesk.co.nz/article/m…
Struggling Synlait confirms farmer exodus

Struggling Synlait confirms farmer exodus

Most of its farmers say they want out as debt-laden firm puts new deal to bankers.

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In April, @businessdesk_nz reported at least 50 farmers had given notice. businessdesk.co.nz/article/p…
Synlait's dilemma: how many farmers want out? | BusinessDesk

Synlait's dilemma: how many farmers want out? | BusinessDesk

Analysts warn Synlait may have to pay up to keep farmers on board as others hit the exit.

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Debt-laden Synlait Milk will open the dairy season with a “conservative” milk price forecast similar to Fonterra’s. businessdesk.co.nz/article/p…
Synlait goes 'conservative' with new season's milk price | BusinessDesk

Synlait goes 'conservative' with new season's milk price | BusinessDesk

The company is facing material uncertainty over its high debt levels.

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